As someone who has worked at places/gone to schools where people make $500k+ a year and come from very wealthy backgrounds, my advice is this: be yourself and get comfortable with it.
Sorry, but there will always be “Joneses” to keep up with and it just isn’t worth it. From a money, self-esteem or self-worth stand point.
Honestly, a lot of people spend money trying to look wealthy, when in fact they are going broke or overleveraging themselves. I can tell you from personal experience a lot of people will lease cars they cannot afford, buy homes outside of their budget (become house poor) and put their kids in schools they absolutely cannot afford because it makes them “look good.”
During college, I was a personal assistant to a woman who made about $600k a year, owned three $2 million homes, had a $45,000 2k Tiffany diamond ring and was all about the items that “showed her wealth.” While she had a lot of money, she also could not afford to retire despite being 68 because her expenses were too high and her savings/investments could not keep up.
All that to say, DO NOT FALL INTO THE TRAP OF KEEPING UP WITH THE JONESES!
It’s an easy trap to fall into and you will eventually regret it, finanically and emotionally. I would suggest keeping your ring and wear your grandmothers ring on occasion. Help your husband develop more self-confidence rather than depleting his wallet.
FWIW, we make pretty good money combined (puts us in top 10% of US incomes) but not as much as my friends who work in finance (top 3%). But we have more in our retirements and savings because we live well below our means. We plan to retire by 50, my friends unfortunatley will probably not be able to because they are blowing a lot of their money now on materials things.
Also, what part of the country do you live in? Honestly, while $500k is a lot, it depends on where you live. I live in a MCOL area, where median cost of living is $50k, so the people I know making $500k are really far up there. In comparison, my friends in NYC making $500k cannot buy nearly as much.